Rising power and gas bills and making housing more affordable will be on the agenda of a meeting of treasurers.
The online meeting, hosted by federal treasurer Jim Chalmers, comes as the Reserve Bank releases its latest statement on monetary policy.
The Reserve Bank on Tuesday lifted the cash rate by 25 basis points to 3.35 per cent.
The statement will go into more detail about the RBA board’s decision to push ahead with the rate rise and flag further hikes in months ahead to tackle rampant inflation.
Dr Chalmers said he looked forward to working on some of the biggest economic challenges facing the nation.
“We’ll further our efforts to address housing affordability and supply and discuss the work we will do in coming months to develop a pipeline of new affordable housing projects under the National Housing Accord announced at the budget,” he said.
“Negotiations around the rollout of the government’s energy price relief plan will continue.”
The meeting will also include a discussion on women’s economic participation led by Finance Minister Katy Gallagher and, for the first time, a local government representative will attend.
The National Housing Accord is an agreement with the private sector, states and territories to build one million new homes over five years from 2024.
© AAP 2023
